For the first time in decades, Vietnam has imported husked brown rice from India
Vietnam imported husked brown rice from India for the first time in decades to cash in on strong global demand for the Hanoi staple, trade and government sources said, and exported the refined, white variety to process the grain. Vietnam, the world's third-largest rice exporter, imported at least 200,000 metric tons of husked brown rice from India between December and February.
India is the largest exporter worldwide. Vietnam is receiving fast export orders for rice shipments after India imposed a ban on white rice exports in 2023. Rice shipments from Vietnam to record 8.3 million metric tons in 2023.
An exporter from the Indian city of Calcutta said that these rising exports to Vietnam have led to a reduction in the country's reserves, which are still eager to meet rising global demand. And rice paddies are not available for milling in Vietnam, so some traders make good profits by importing husked rice from India and processing the grain for export. Recently, Vietnam has started buying husked brown rice from India and it now accounts for about 95% of India's total husked brown rice exports.
The Kolkata-based exporter said it currently imports about 70,000 metric tonnes of husked brown rice per month from Hanoi, India. However, the supply of new season rice has started in Vietnam. But Indian rice is still relatively cheap. Prior to the ban on rice exports to India, Vietnam imported 100% broken white rice from India for animal feed and beer.
Although India has banned the export of rice, India is leading the world in rice exports in the current financial year. Currently India allows export of only parboiled (with 20 percent export duty) and premium basmati rice varieties. The world's leading rice importing countries (Philippines, Indonesia, Nigeria, Senegal, Ivory Coast and Malaysia) depend mainly on India, Thailand, Vietnam, Pakistan and Myanmar.
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